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Trigano fiscal H1 profit climbs 88.8% YOY

Trigano SA said its normalized net income for the fiscal first half ended Feb. 28 was 50 euro cents per share, an increase from 21 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €9.8 million, an increase of 88.8% from €5.2 million in the year-earlier period.

Total revenue climbed 12.6% on an annual basis to €479.0 million from €425.4 million, and total operating expenses grew 10.9% year over year to €462.1 million from €416.7 million.

Reported net income rose from the prior-year period to €10.8 million, or 55 cents per share, from €1.5 million, or 6 cents per share.